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Structurlam Mass Timber Corp, has filed for bankruptcy protection and agreed to sell its facilities in Conway, Ar., and Canada to Mercer International for $60 milliion.
The Conway plant opened in 2021, its success hinging on 1.7 million cu. ft. of timber intended for Walmart’s new corporate headquarters in Bentonville, Ar. When Walmart canceled its contract in January, Structurlam shuttered the plant and laid off 144 workers.
Mercer already has mass timber operations in Canada, Germany and Seattle, WA.